Couchbase, Inc. (NASDAQ:BASE) CFO Sells $58,334.42 in Stock

Couchbase, Inc. (NASDAQ:BASE) CFO Gregory N. Henry sold 3,853 shares of the stock in a transaction on Friday, December 20th. The shares were sold at an average price of $15.14, for a total value of $58,334.42. Following the completion of the sale, the chief financial officer now owns 336,679 shares in the company, valued at approximately $5,097,320.06. The trade was a 1.13 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Couchbase Trading Down 2.2 %

Shares of BASE opened at $15.24 on Friday. The company’s 50 day simple moving average is $17.52 and its 200-day simple moving average is $17.27. The firm has a market cap of $797.78 million, a PE ratio of -9.53 and a beta of 0.71. Couchbase, Inc. has a 12-month low of $13.53 and a 12-month high of $32.00.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of BASE. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Couchbase during the second quarter worth about $47,000. Point72 Hong Kong Ltd purchased a new stake in Couchbase during the 2nd quarter valued at approximately $67,000. Harbor Capital Advisors Inc. lifted its position in Couchbase by 15.9% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 6,968 shares of the company’s stock worth $112,000 after acquiring an additional 956 shares during the period. Arizona State Retirement System grew its stake in shares of Couchbase by 28.5% in the 2nd quarter. Arizona State Retirement System now owns 11,032 shares of the company’s stock valued at $201,000 after purchasing an additional 2,445 shares during the last quarter. Finally, Point72 Asset Management L.P. increased its holdings in shares of Couchbase by 5.7% in the second quarter. Point72 Asset Management L.P. now owns 13,000 shares of the company’s stock valued at $237,000 after purchasing an additional 700 shares during the period. 96.07% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

BASE has been the topic of a number of analyst reports. Robert W. Baird reduced their price target on Couchbase from $27.00 to $25.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 4th. Royal Bank of Canada reiterated an “outperform” rating and issued a $25.00 price target on shares of Couchbase in a research note on Wednesday, December 4th. Oppenheimer dropped their price objective on shares of Couchbase from $25.00 to $23.00 and set an “outperform” rating on the stock in a research report on Thursday, September 5th. UBS Group decreased their price objective on shares of Couchbase from $24.00 to $19.00 and set a “neutral” rating for the company in a research report on Thursday, September 5th. Finally, DA Davidson reissued a “buy” rating and issued a $25.00 target price on shares of Couchbase in a report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Couchbase presently has an average rating of “Moderate Buy” and a consensus target price of $23.13.

About Couchbase

Couchbase, Inc provides cloud database platform for enterprise applications in the United States and internationally. Its database works in multiple configurations, ranging from cloud to multi- or hybrid-cloud to on-premise environments to the edge. The company offers Couchbase Capella, an automated and secure Database-as-a-Service that simplifies database management by deploying, managing, and operating Couchbase Server across cloud environments; and Couchbase Server, a multi-service NoSQL database, which provides SQL-compatible query language and SQL++ that allows for a various array of data manipulation functions.